HomeMy WebLinkAbout0444 3. To place and continuously keep on the buifdings now or tiertafttr ~i!uate on said !artd and on a!~ eq~ipmenf snd pcno~ally tovrrsd by thi~ rnortq~
p~, with ~li pr~mi~m~ therton pa~d in full, f~re ins~re~ce in the vsual sreixJard policy form, in a wm approved by thr MORfvAGEE, •nd windatorm
imur~nt~ in tM usual ~tandard pol~ty form, in a sum approved by ~he MORTGAGEE, in such tompany or companip a~ the MORTGAGEE may
dintt; ~nd ~I) tir~ +nd wind~torm insurance pu~~c~es on any of seid build~rtya, any imersst therein or part thareof, in Ihe aqg~eg~te ~um aforaaid or
M txusi thrr~of, shall contain th~ ufual ttar.dard mortgagee c~ause or such othor cla~s~ ~t ths Morfgagee may req~ire, maAiny tha {oss urtde~ ~aid poli-
cies, ~ath a~d ewry, payabte to s~id MORTGAGEE as ~ts in~erest may appear, and each and every s~ch policy shall be promptly ats.gned end delivered to
~nr held by s~id MORTGAGEE ~s turther secvrity to said mortgbge debt, and, not tess then ten (10) days in advance of the expiration of eath policy, to d~-
liv~ to uid MORTGAGEE a ranewal thereof, togerher with a receipl for the pramium of wch renewal; and ~hare iha1l be no f~re or w~ndsto~m insurance
plated on ~hyr of s~id buildinya, iny interett therein or part thereof, u~lese in the form a~d with the loss payable as eforrsaid; and in the evenf e~y sum
oi rtwnty btcOm~s psyable under wth poiicy or Folicie~ taid MORTGAGEE shall have the op!ian to receive ond apply the same on attount of the indebted~
ness secur~d hrreby w 1o permil said MORTGAGORS io rece~ve and use it or any part the~eof !or o~her purpo~rs, v:itha~t ihzrr~~ w~iv~ng or In,pa~r-
irg any puity, li~n ar right under or by virtue of this morrgage; and in the evant sa~d MORTGAGORS shall for any reason fail to keep the said premiset so
Insured, o~ fail to deliver pranptly e~y of said policies of inivrance to ~eld MORTCrAGEE, or fai! promprly to pay fully any premi~m Iherefor or in any
r~spect fait ro pe+form, di~charge, exec~te, efte<t, complete, comply v~cith end ebide by this covenant, or sny part hareof, said MORTGAGEE may plate and
pay fa wth irquranct or any part theraof without weiving ot affecting any option, lien, equity, or right under or by virtve of thie Mortgage, and the
full amovnt of each ~~d every tuch payment shall be ~mmediately due and payable and ahall brar imerest from tha date thereof until pa;d at the rate o1
nine per centum pr? annum and together with such intercet lhalf tu ierured by the iien of thia rr:wtgege.
1. To permi~, tommit or suffer no waste, impairment or detcriora+ion of said property or any part thereof.
5. To pay sll and sinp~lar ihr tosts, sharge~ and expenses, inciuding a reasonab~e attorney'x fee and cosrt of abstracts of title, incurred or peid at
sny time by said MORIGAGEE, because or in the event oi the fa~lur~ ort the part of ;he aaid MORTGAGOR to duly, promptly and fulty partorm, d~xcharge,
txec~ie, effed, complete, comoly w~th and ab~de by each and every the etipulat~ons, agreements, condit~ona, and covenants ef said prornissory note and this
morigaqe any or eithe+, snd said coxts, charges and expansea, each and every, shall be immediately due and payable; whether or not there be notice de-
mand, attemFt to collect or suit pendin9; and the futl a~xwunt of each and every such payment thall bear interest from 1he date thereof until paid at the
rate of nine per ctnturo per annum; and aH said costs, charges and expenses incurred or p~id, together w~th such interest, shall be secured by the lien ef th~t
mutgay~.
6. Thaf (a) in the event of a~y breach of this Mortgage or default on the part of the MORTGAGOR, or (6) in the event any of se~d tums of money
herein referred to be not promptty end fu!ly paid w~th~n th~rty (30) days next after the same severally beco~~e due and payable, witfiou; demand or norice,
ar (c) in the e~ent each a~d every the stipu(atians, agreements, conditions and covenanrs of sa;d pramissory no~e and th~s mortgage any or either are nat
~uly, prompNy snd fully performed, discharged, executed, e~fected, completed, complied with a~~d abided Sy, then in either or any such evem the sald aq•
qreqata aum mentioned in said promissory note tnen remaining unpaid, with interest accrued, and ail moneys secured here6y, shall become d~e and pay
ablw forthwith, or thtreafter, et the option of said MORTGAGtE, as fully and completeiy as if al{ of ihe said suma of money were o~~gi~ally stip~Iated
to 6e pa+d on such day, anything in sa:d promissory note or in this Mortga~e to the mnrrary notw~rhstand~ng; and thereupon or thereafter at the option of
faid MORTGAGEf, withou? notite or dema~d, suit at law or in' equity, therefore or thereafter begun, may be prosecuted ae if all mnneys secured hereby
hed matvred pnor to its in~titution.
7. That in the event that et the beginning of or at any time pending any suil upon this Martgage, or to fwec~ose it, or to reform ii, or to enforte
payment of sny claims hercunder, said MORTGAGEE shell apply to the Court having jurisd~ction thereoE for Ihe appo~ntment of a Receiver, such Court shalt
Forthwith appoint a receiver of said mortgaged property all and singular, incl~d~ng ail and singular the income, prot~ts, iss~es and revenues from wha!ever
~eurce derived, each and every of wh~ch, ~t be~ng expressly understood, is hereby mortgaged as if sprc~iically set forth and described in the gronting and
habendum clauses hereof, and wch Recriver shali have al1 the broad and effecr~ve funct,ons and powers +n anywise enfrusted by a Ccurt to a Receiver, end
~uch a~pointment shall be made by such Co~~t a3 an admit~ed equity and a matter of absolute r~ghi to said MORTGAGEE, and witneut reference to the
aaaquacy or inadequaty of the value of rhz property mortgaged or to rhe so:vency or insolvency of sa~d MORiGAGOR or the defendants, and that such
renrs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of aaid MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fuily perform, discharge, execute, effect, COmpietC, comply w~th and abide by each and every the stipulations, agreements,
conditions and covenants in said promissory r,ote and this mortgage set forth.
9. 7hat in the event the ownership of rhe ~nortgaged premises, or any part thereof, becomes vested in a person other than the M.ORTGAvOR, the
MORTGAGEE, its successors and assigns, may, wiihe~t norice to the MORTGAOR, dea~ with such successor or successor ir, interest with reference to this
mortgage and the debt hereby aecured in the same manner as with Mortgagor w~thout in any way vitiatir~g or d~scharging the Mortgagors' li~6ility here-
under or upon the debt hereby secured. No sale of the pren~ises hereby mortgaged and no forbearan,e on the pan of the 110l2Tt~iAG"tE or its successora
ot assigns and no eztension of the time for the payment o? the debt hereby sec~~red given by the 1rtOR?GAGEE or its suttessors or asslgns, shali operole
lo release, dischnrge, modify chenge or affect the origmal liab~i~ty o( the MORTGAGOP. herein, either in whole or in part.
10. It i3 speufically agreed that time is of the essence of this contract and that no waiver of any obiigatian hereunder or of the obligation se-
a,red hereby shall at sny time ther?after be neld to be a waiver of the terms hereof or oi the i~strument secwed herby.
11. In add tioa to the forego'ng monthly payments ot pri^c'pal and imerest required by the prom~ssory nore secureJ hereb~, mortgagor covenants
and agrees to pay to mo:tqagee w~rh each mor,thly payrnent an add:rional sum ast~n~a~ed by mortgagee to be equal to l; 12 of the annua( cost of the follow-
ing:
A-All real property taxes levie~' a~ assess_d ag3i•~st thc above desui~ed real esrate.
6-Pram;ums en fire and winds~orm insvrocce as nare~n requ:red to be carricd en tne :m~rovements situate on tna above d~scribed premises.
C-Premium: on such mortgage guaranty insurar,ce as mortyagee sha!1 from r,me to t~me deem fit to carry on the loan secured iiere6y.
Mottgagee shall jrom time to tinie ro!ify morrgagor ~n writing of the an•ou~! due ar.d paya~i2 here~ndar and S~ch sum shall ih_reupon be due end
payable on the due da!e of the next monthiy paym.~nt ~nd each successive month thereaft,r uoti; mertg~gee sha!! r.c,tify m~ri~ago~ of a change in w.h
amount. Such sums shail be appl~ed by mertgagee toward tne payment of rea! properry taxes, insurance prem:ums, ar.d mnrtgage guaranty inwrance
pre~niumt.
IN WITNESS EREOf, the said MOR7GAGOR has hereun!o set his hand and seai the day and year first aforesai~.
i
5iynad, Sea and in lj~se:ce of: '
r ~ ~i,r.~'~`i!~_._. (sEa?~
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_ (Seel?
STATE OF FLORiDA
Saint Lucie ~
COUNTY OF
Before me pcraonally appeared ~99~8 WriQht and
~11~.~ 8. Wri,gjc~.t _ ryife, to me well known and known to me to be
the individvals described in and who executed the foregoing inslrument, and atknowledged before me that they executed the same for the purposes
thvein ex ressed. And the aaid_ Julia Wright _ _
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wife of fl~R;~L;'~p ~98~.9 Wright ~pon a separate and privste
es~nr~i~it~q• i~N~t p4ken ~parete and aoart from her said husband, acknovvledged to and before me that she executed said i~str~ment fr~ely and volurn
~ar'Llg~~+~,~~~~rry eompuls~on, constraini, apprehens;on or ear of or from her s ~sba
~
:_'~J .Yyf~t~6' dey h~nd and officia! seal ?his_~~ ~ day of_ _ A. D. 19~
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IVotary Pvblic in and for the Sta e of Ftorj'~a et large
; - ' " _ My Commission expires: lr/j 9/~.Q
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